[I]n the White House document that I read, I saw no proposal to set some sort of AMT on millionaires. Instead, it claims to do this, while rehashing a bunch of things that the administration has long proposed: allowing the Bush tax cuts to expire for those making more than $250,000; changing the treatment of carried interest income accrued from capital gains; and altering the treatment of deductions for very high earners. If all of these things were passed, guess who would still pay a lower effective tax rate than his secretary? Hint: his initials are WB, and he lives in Omaha, Nebraska.

Obama has been trying to get the focus off of the failure his economic policies, so the rich are his scapegoat. It’s laughable to hear him say that policies pushed by Republicans would “cripple” the economy, all voters need to do is take a look around and see who is failing.